“The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to US Treasuries.”, — write: www.coindesk.com
According to the firm’s latest attestation signed by accounting firm BDO Italy, the company ended the quarter with $6.8 billion in excess reserves, maintaining a buffer over its $174.4 billion in liabilities tied to USDT.
“With its all-time high exposure to US Treasuries, now amounting to $135 billion, it positions our company as the 17th largest holder of US debt,” CEO Paolo Ardoino said in a statement.
The company also held $12.9 billion in gold and $9.9 billion in bitcoin BTC$109,328.81per the attestation.
Tether also announced the initiation of a share buyback program, with “prospective participation by institutional investors interested in a private placement.” Bloomberg reported earlier that Tether was looking to raise up to $20 billion, with Ark Invest, SoftBank being among the firms interested in the round.
Tether added that it has applied for an investment fund license in El Salvador, where the company is headquartered. It also confirmed that it settled litigation with bankrupt crypto lender Celsius in October using its own capital, not from reserves backing issued tokens.
The report comes as stablecoins are rapidly growing globally, with Tether at the center as the issuer of the largest digital dollar on the market. The circulating supply of USDT crossed $174 billion by the end of September, expanding by $17 billion in the third quarter.
The crypto firm is gearing towards rolling out a new stablecoin dubbed USAT later this year, focused on the US market and issued with crypto bank Anchorage Digital. The company also eyes two-three investments to boost the token’s distribution, similar to Tether’s stake in video sharing platform Rumble where the tokens will be used for tipping creators, Ardoino said in an interview with CoinDesk in Lugano, Switzerland.
Read more: Tether Eyes Fresh Investments to Push USAT Stablecoin to 100M Americans at December Launch
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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The move is part of a growing trend among DAT companies, including ETHZilla, Metaplanet, Sequans, and Empery Digital.
- OranjeBTC, Brazil’s largest bitcoin treasury firm, has repurchased 99,600 of its own shares for 1.12 million reals ($220,000).
- The company, which holds 3,708 bitcoins worth around $409 million, is delaying additional BTC purchases and joining other digital asset treasury companies that have used buybacks to support their stock prices.
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